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start a businesses create jobs and spur the economy. we will hear from jerry moran who authored the start impact, legislation aimed at helping businesses grow the economy. this discussion as part of a policy summit held by the consumer electronics association in las vegas. it is an hour. >> so, good afternoon. my name is larry downes. it means for an hour i can be up here and not back in the audience taking notes. just before the election, i wrote an article asking what it was that of intrapreneurs needed from washington. our panelists today may have a more productive agenda to discuss. i know there are many in the audience who are from washington. that is great because you will be hearing from some actual business owners and organizers -- organizations interested to talk about when the start up a economy does and does not need from washington. it is my great pleasure to introduce senator jerry moran will provide some introductory mar remarks -- remarks. both in the senate and then before 2010, and during seven terms in the house. he successfully led opposition with senator bide
. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common-sense. that's why we need comprehensive immigration reform. host: presi
in a period where we're concerned, well, how did he do that? the economy grew a lot. maybe more than 3% sometimes. unemployment was below 5% the budget was balanced due to his own parsimony. how did i manage to make the budget go lower? how did that help the economy? a lot pause he got the government out of the way of the economy. >> amity shlaes tracings the life of the 30th president of the united states, in coolidge on c-span's q&a. >> wisconsin governor scott walker delivered his state of the state address in madison recently where he called on state lawmakers to put forward, a quote, environmentally sound mining bill. he also pushed for a income tax cult for the middle class and job creation. the governor said he was doubling down on his efforts to meet his 2010 campaign promise to create 250,000 private sector jobs over the years. this is about half an hour. [applause] >> at this time, at this time it is my privilege to introduce our friend, the governor of the state of wisconsin, scott walker. [cheers and applause] >> thank you. thank you. thank you. [applause] thank you. thank
from how people personally did but how does it into the economy? guest: we are seeing an economy that is recovering slowly from the crisis and recession of 2008 and 2009. we can put a number of side for a minute because that is about investment income. even over the long time horizon, we are seeing incomes rise. people are earning more money. people are starting to put people back to work. certainly, this is not a happy days are here again and everything is fine. we are not healed but it is making progress in that direction. host: take a look at a lot of factors. it look at wages and income and rental income. you look at investment income as a whole. that paints a picture of where americans are financially. guest: that's right. you can't buy the things you need if you don't have income. for some, that is a paycheck from their job or from retirees, social security benefits. or for people who have invested a lot, it might be invested -- investment income dividends. wherever it comes from, that is the core of how you buy the things you need and want. host: our guests will take a loo
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
here is to help undocumented immigrants who are already a part of the this country's economy and he made the argument that helping them would help all americans. >> obama: every day, like the rest of us, they go out and they go out and trytry to earn a living. they often do that in a shadow of economy where employers may offer them less than minimum wage or make them work overtime without extra pay. when in a happens, it's not just bad for them but the entire economy. because all the business who is are trying to do the right thing thing, hire people legally following the rules, they are the ones who suffer. >> jennifer: he's right, the shadow economy hurts everyone, particularly the workers who are operating in it. 67% of domestic workers are paid below the minimum wage. less than 2% receive retirement or pension. 65% of those workers don't have health insurance and there is absolutely no recurs. 85% of undocumented immigrants who encounter problems in their working conditions didn't complain because of their shaky immigration status. they have reason to be concerned, that it woul
a new set of challenges after the commerce department reported yesterday that the nation's economy shrank for the first time since the great recession. >> how did that happen? >> well, government data shows the gross domestic product contracted at a .1% rate in the fourth quarter of 2012. it was the first decline since 2009. it put the white house on the defensive after months of touting steady job growth. >> there's more work to do, and our economy is facing a major headwind which goes to your point, and that's republicans in congress. talk about letting the sequester kick in, as though that were an acceptable thing belies where republicans were on this issue not that long ago, and it makes clear, again, that this is political brinksmanship of the kind that results in one primary victim, and that's american taxpayers, the american middle class. >> okay. what do you think is going on there, joe? >> i think what's going on is that we have spent more money as a government over the past four years than we have in the history of the republic. added $6 trillion in debt. and we have just
and down. and i think this has a lot to do with what i think you'll be talking about later, the economy is starting to rebound. people are slowly starting to get back into work. not looking dismal. they're not seeing the emergency measures for the economy like t.a.r.p. or the major stimulus and that has lowered the temperature on the right. in 2010 and 2011, when you looked at the republican party and when the republican party looked at itself, they thought, we are facing a permanent resolution on the right where if we don't vote this way, there will be another tea party challenger and another tea party challenger. although these efforts like karl rove's are getting started now, they're finding out there isn't an endless bench of tea party candidates that can win primaries. that has loosened it up for them to make a little bit of room on immigration reform. >> these election res important. they matter. and i think that republicans, you know, want to win senate seats. they want to win the presidency. >> political science 101, a party exit exists to get elected, right? >> but the question
, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting up there. >> up there? >> close to his age. >> i have to put it out the night before. >> i lay my clothes out the night before, too. >> do you, really? >> oh, yeah, me, too. well, my wife is sleeping. i have to do that. >> all right. so did you, when you saw the down 0.1, what was your -- did you immediately explain it away? did you express shock, chagrin, angle, denial? >> no, i don't have an ee morm attachment to gdp -- >> you cover it long enough, and i cannot say that i don't have an emotional attachment to
the end. that's for sure. >> oh, yeah. >> john berman, many thanks to you. >>> let's turn to the economy and new and encouraging signs this rng mmorning, more evidenc jobs market is recovering, albeit agonizingly slowly. 157,000 jobs were added last month and later this hour, wall street begins the day a little giddy. the dow celebrating its best january gains since 1994, and it all comes on the heels of president obama disbanding his jobs council, a group of business leaders who advised him on the economy. republicans were quick to seize on the news, scoffing at the white house's handling of the council and the economy overall. >> if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and sca scape goats when its premature announcements were false i suspected the economy would be better than it is doing here today. >> christine romans, is he right? the unemployment rate is still what, 7.9% now. >> yes, 7.9%, 157,000 jobs created in january. that's modest hiring. that is an economy that is healing still slo
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spending cuts that could hurt the economy, if they kick in if scheduled march 1. the president is proposing a smaller budget deal now and a bigger one later. danielle nottingham has the latest. >> president obama is calling on congress to stop massive automatic spending cuts with a short-term fix. >> our economy right now is headed in the right direction. it will stay that way as long as there aren't anymore self- inflicted wounds coming out of washington. >> congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1, and when they couldn't reach a larger budget deal then, they postponed it to march 1. >> the white house wants another short-term fix to head off a hit to the fragile economy and give lawmakers more time to work out a ten-year plan. >> we should give them the chance to come up with this budget instead of making cuts now that will cost us jobs and significantly slow down our recovery. >> the president continues to push an approach that includes more tax revenue along with
the spectrum have said that our economy is poised for progress in 2013. we have seen signs of this progress over the last several weeks. home prices continue to climb, car sales continue to be at a five-year high, manufacturing has been strong and we have created more than 6 million jobs in the last 35 months. we have also seen the affects of political to the function. the drawnout process for resolving the fiscal cliff, hurt consumer confidence. we have been reminded that while it is critical for us to cut wasteful spending, we cannot just cut our way to prosperity. deep, indiscriminate cuts to things like education, training, energy and national security will cost us jobs it will slow down our recovery. it is not the right thing to do for the economy, it is not the right thing for folks that are out there still looking for work. the good news is this does not have to happen. for all the drama and disagreements we have had over the last few years, democrats and republicans have been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and high
department. we also didn't realize you were in charge of our economy. just this week, the new gross domestic product number came out, and it turned out here is the a.p. headline that said, defense cuts cause economy to shrink. a plunge in defense spending plummeted the economy into negative territory for the first time since mid-2009. nearly all the cuts were in services, maintenance, and personnel support. this is even before those automatic spending cuts kick in in march. these are the cuts that you guys agreed to back in 2011 that finally kicked in. what is going -- first of all, is the sequester going to happen? >> i certainly hope not. if congress stands back and allows sequester to take place, i think it would really be a shameful and irresponsible act. >> but are you preparing for it? >> we have to prepare for it because, you know, there are members up on the capitol hill that are saying, oh, no, we're going to stand back and let sequester happen. let me tell you, sequester happens, it is going to badly damage the readiness of the united states of america. we have the most powerful mi
of the economy and financial crisis, that is what we are asking about you this morning, if the financial crisis has delayed those plants for you. give us a call. robert, clinton, md., you are on, sir. caller: 401k, in the early part of november my three kids were named the beneficiaries. we did all the paperwork. here it is, since february 4, and i have not got the money yet. the company that has the 401k, first of all, you cannot find them. i work in the credit union. they would not give you any information about the company that had the 401k. here it is, the fourth, and they still have not got the money. you have got to wait a long time to get your money. host: tell us a little bit about your plans, because of the limbo you are in. what does that mean for you? caller how it means i have to be very careful about four hope -- 401k. if something happened to me, i would release the money to my kids or something like that. if they needed it right away, they could get it, but they still have not received the money. i still do not know how these things work. because of the interest, i do not know. t
, is unconscionable. when we turn this economy around, and it will rebound, we need to end hunger now. we may not be able to wipe out all disease, we probably can't eliminate war, but we have the resources, we know what it takes. we need to muster the will to end hunger once and for all. hunger is a political condition. it's important to point out that even though 50 million people were food insecure, the vast majority had a safety net that prevented them from actually starving. that safety ned is called the supplement -- that safety net is called snap. snap is a program that provides low-income families with food they otherwise could not afford to buy. more than 75 million families relied on snap to provide food for their families. it is a lifeline for these 47 million people who struggle to make ends meet. i don't deny this is a big number, but it's a big number because it's a big problem. mr. speaker, america's hunger problem will be dramatically worse without snap. just imagine what this country would look like if we didn't have the safety net that snap provides for low-income families in
and we need a successful resolution to the information. >> breaking news on the economy sparking a new debate over the president's priorities for his second term as washington talks of gun violence and immigration reform the commerce department announces the economy shank in the last quarter of 2012. this is not only the single decline of 2012 we did not shrink in any more quarter. it is the first drop we have seen in 3 and a half years. why thare they talking firearms and immigration reform instead of ways to put people back to work. daily beast columnist kirsten powers. we sat out there when he made his inaugural address some of the panel skrcontract sized president obama for talking about things like immigration reform and gun control and his push on green energy. where was the talk about jobs and the economy and now we see this economic news about how we slunk in the fourth quarter. >> the president has to be concerned about the economy. you can't be president and ignore what's going on economically. the problem is what direction he is going to go. he wants to focus on deficit redu
had ended eventually, they will be right. if you keep predicting doom, sooner or later the economy will fall into recession and you will be right. the problem comes into timing. into what could potentially go wrong and how soon that could happen and how pervasive the weakness will be. certainly, you look at what the federal reserve was saying or what the treasury was saying at the time prior to the financial crisis. you know, the question is, do they mislead people? did they have a forecast that was contrary to what was prevailing? those are the questions that need to be answered. forecasting is hazardous. particularly, when it involves predictions about the future. mark twain said that. i do not know that, i do not know that you can make that a crime. connell: we rate every deal. we will see what eric holder has to say in a couple minutes. thank you for coming on. we will talk to you soon. dagen: somebody bought that and they turned blind eye to actually looking at securities in the portfolio. connell: it was was a messy time. dagen: barclays setting up a rainy day fund. more than
't come back in. dealing with that is a critical component. >> that's a part of it. this economy cannot function without people to do the jobs americans won't do. >> quickly, with that said, we would be fooling ourselves this morning if we didn't look at this immigration debate and understand there might not be a tinge of the gun debate involved where you have people in new york and people in washington and people at the networks and national newspapers all supporting this and even a lot of the leaders inside washington d.c. where the rest of america is a bit more wary and skeptical. if you don't believe that, go to the conservative websites, the national review, go to several others. the "wall street journal" says it is a promising framework and i think it is. there are a lot of conservative outlets that have yet to weigh in on this aggressively. they will start that now. the phone calls will start the congressional offices and just like the gun debate, you will have people energized who want this bill killed and congress will get 10-1 calls against this immigration bill and they have
be a different story. >> i would remind you that three of mind -- six of mine, three of them were the economy. and that really stunned everybody. >> and even getting into this, this is the experience of the league of women voters, they sponsored the debate in 1976 and 1984 and for the sake of transparency i was one of the reporters that ask questions in 1984. when we finished with that, they pulled out of the sponsorship and argued at the time that there was too much party interference and they said that they had no intention of becoming an accessory to the hoodwinking of the american public. i think that this is terribly tough language, but my question -- this is overstated. >> but my question to you is not as moderators but as reporters. is this something where there may be the beginning of too cozy a relationship between the parties, and the public? >> i really don't -- i did a foreign policy debate and two of my sections were the middle east. are you going to talk about foreign policy without talking about the middle east? this? >> if they don't want to do this, this is fine with me. >> o
the collapse of the economy. but despite the evidence standard & poor's denies any wrongdoing. they said, a d.o.j. lawsuit would be buyerly without factual or legal merit. now is it suggested that not only did they do anything wrong but the investigation might be retaliation for s & p's down grading of the u.s. credit rating. they believe this is retaliation. the company floated that idea, the lawyer did on cnbc today. >> is this political pay back to down grade u.s. debt. your clients believe this is some how politically motivated? >> i don't think anyone knows. is it true that after the down grade the intensity of this investigation significantly increased? yeah, i'm sure the government would say that it had nothing to do with it. >> but it did increase after. >> yes yes. >> jennifer: well, these charges that the d.o.j. filed were civil so no one would do any jail time but the u.s. is seeking $5 billion from standard & poor's, and the investigation is already taking it's toll on the company's stock. the company stock tumbled the most it had in 25 years after s & p announced it was expecting
to the economy that we are not going to like. the headline from last week about the slowing of our gdp, it is going to be a situation where it is no longer acceptable to kick the can. so, when we talk about the need for tax reforms, i am one who says that we have got to put it all on the table. we have got to be willing to make some very difficult choices. the options if we fail to act are not something that most in this country will be satisfied with. >> i know that says you want to take a look at some of the energy initiatives here. in the house they talked about doing energy efficiency legislation puc that moving? still questionable? >> let me just start by saying that i am a firm believer in doing more in this country when it comes to efficiency. it is one of the legs of the energy tool that is absolutely critical to us. i think it is often overlooked. people look -- people look to the old technologies and there are things making news. someone joked to me once that if we could just figure out how to have a groundbreaking or ribbon cutting that involved some kind of energy efficienc
, the budget was lower than when he came in. that is the story now. how did he do that? did the economy grow a lot? unemployment was below 5%. the budget was balanced because of his own parsimony. how did he manage to make the budget go lower? how did that help the economy? it was a lot, he got the government out of the way of the economy. >> the life of the 30th president of the united states, "coolidge," on sunday, 8:00, on q&a. >> "washington journal" continues. host: we are back with congressman mcdermott, the ranking democrat on the house subcommittee. let me read to you from "the national journal bailey," and what they had to say about sequestration -- national journal daily," and what they had to say about sequestration. host: true, accurate reporting? caller: -- guest: as far as what i can tell, that is exactly what is happening. unfortunately for the american people, the leadership on the republican side is still acting as though the election never occurred. they have got to except that the people have said that they once what obama is doing. they reelected him overwhelmingly. and t
's not as if latinos say immigration is my top issue, the economy is their top issue. if they don't do this, republicans could make themselves the minority party for the next generation. >> two things, one is this is not -- we're not going to deport the people who are already here. we're not actually going to reverse this. the fact of immigration is going to happen, the question about what we'll do about border control, some of that in these proposals but in any case that's almost a separate issue. one is regularizing the status of people here, basically making them legal, bringing them under labor law, all of that, how could you really be against that? it's, you know, got to be good for everybody to do that. the republican party has a problem. the leadership understands that they cannot -- they're doomed if they are only the party of old white people, to put it bluntly. the problem is their base is old white people, and so the rank and file, which answers to base, which doesn't fear democrats but does fear tea party challengers may not go along, but this is clearly -- there's no possible -
that three of mind -- six of mine, three of them were the economy. and that really stunned everybody. >> and even getting into this, this is the experience of the league of women voters, they sponsored the debate in 1976 and 1984 and for the sake of transparency i was one of the reporters that ask questions in 1984. when we finished with that, they pulled out of the sponsorship and argued at the time that there was too much party interference and they said that they had no intention of becoming an accessory to the hoodwinking of the american public. i think that this is terribly tough language, but my question -- this is overstated. >> but my question to you is not as moderators but as reporters. is this something where there may be the beginning of too cozy a relationship between the parties, and the public? i did ally don't -- foreign policy debate and two of my sections were the middle east. are you going to talk about foreign policy without talking about the middle east? >> it is so obvious, why do this? >> if they don't want to do this, this is fine with me. >> one thing you wan
to the economy and republicans pushing for border security and that both sides should take their time to provide a pathway to citizenship for the 11 million illegal immigrants curaren'tly in the u.s. >> and that is not about being in a hurry but trying to get it right. on behalf of the american people, and those who are suffering under an immigration system that and the work very well for anybody. >> both the house and senate curaren'tly drafting their own immigration bills, the president preparing to deliver his proposal next week. >>> president obama made his first trip as president to israel in the spring. while in the region, at least he will, he will visit the west bank and jordan. analysts say the president's trip could offer an opportunity to repair a strained relationship with the prime minister and the possibility for a breakthrough in the stalled negotiations between israelys and the palestinians. >>> the first bipartisan house bill to combat gun trafficking was announced today. the gun prevention act of 2013 makes firearms trafficking a federal crime and will impose stronger penalties
including enhanced border security. >>> of course, there's the economy with mixed reports last week detailing a drop in gdp coupled with better than expected job growth as the stock market booms. president obama said in that interview with cbs, there needs to be some new revenue involved. he might be going after people like mitt romney. >> there's no doubt that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early start over the weekend, he reached out to world leaders by phone, pledging to continue pushing for peace talks. >>> the senate armed services committee is expected to vote his nomination to senate. former white house press secretary robert gibbs was o
position on the economy has been congressman paul ryan, who chairs the house budget committee. and just as mr. ryan has problems recalling his exact marathon time, so he appears to have real problems with who was responsible for the sequester in the first place. >> we think the sequesters will happen because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> and while the republican approach to the fast approaching sequester leads them to rewrite history and ignore the potential for economic disaster, mr. ryan's friend and colleague, eric cantor, was also out delivering his own version of republican revisionism. >> our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. >> that was mr. eric cantor 6.0-let's turn to representative keith ellison, democrat from the state of minnesota. and to my colleague, joy reid, who is managing editor of thegrio.com. congressman, it seems to me, sir, we have a major collision today. on the one hand, we ha
weigh in on the hot topic and the u.s. economy shrinks for the first time since the recession end. what does that mean? we will get the first read with our senior editor mark murray. >>> the white house is responding to the u.s. economy shrank in the fourth quarter. the first time since the recession ended. the white house cites hurricane sandy and sharp cuts and a short time ago, jay carney laid the blame from republicans. >> at least some of that has to do with the uncertainty created by the prospect. talk about letting the sequester kick in as though it were an acceptable thing. it belies where republicans were on the issue not that long ago. >> reaction from the post, mikes. consider yourself warned. we have seen battles turn into the credit rating and the economy shrinking for the first time since the recession and carney or the white house believes it's a part of this sequestration we are facing. >> it's important to look at the broad trinity economy over the past two years. for every step or two we see data showing a step backwards. that's the way to read the gdp members. it's a
about it. he knows how important it is to the economy of this country which has been his number one guiding issue to solve our immigration problem. in a lot of ways not just having the 11 million people come out of the shadows and pay taxes and become productive citizens. we all agree it's absurd we attract the best and the bride is around the world and let them get ph.d.s, m.a.'s and m.a.s from our best universities and then go home and compete against us. it mix no sense. the president understands that and let me tell you he has been terrific on this. this idea that we were jockeying as much or. i spoke to him sunday night and we told them we had come to an agreement and we had a great conversation. what he has done and is playing a constructive role in my opinion. he is rallying the country to do reform and getting us all together. but at the same time he is giving us the space to get something done. i have been very impressed with not only the president's desire to get it done but his ability to work with us as part of the team to get that done. >> every president in their secon
&d, infrastructure, the sort of things that will grow this economy, the sort of things that are investments in the future that help us grow economically right now. can't we do both, christie? >> i think we have to do both. i think it's certainly what john podesta and the center for american progress have argued for from the beginning, which is a balance add approach. and your point, joe, which is that there's a difference between investment and expense. and those of us who believe government has a critical role to play have to be for smart government. and i think that this election may be something of a turning point in that instead of arguing about whether there is a role for government and whether government is the problem, we now see whether it's around an issue like immigration or whether it's around the fiscal issues, the necessity of looking to government for leadership in terms of what will actually create a fair playing field, and that's about tax reform. that's about a balance between growth-oriented policies and appropriate spending cuts. >> joe? >> you know, there are things, jon
Search Results 0 to 49 of about 119 (some duplicates have been removed)